Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Gildan Activewear (GIL) Stock Price
Media coverage about Gildan Activewear (NYSE:GIL) (TSE:GIL) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gildan Activewear earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 46.1403239651996 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Gildan Activewear, Inc. (GIL) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- 5 Consumer Stocks Still Worth Buying at Fresh Highs (finance.yahoo.com)
- Technical Insights on Textile Stocks — Naked Brand, Carter’s, Gildan Activewear, and Canada Goose (nasdaq.com)
- Gildan Included In the Dow Jones Sustainability Index for Fifth Consecutive Year – MarketWatch (marketwatch.com)
- Gildan Activewear, Inc. (GIL) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Canaccord Genuity downgraded shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a research report on Wednesday, July 12th. CIBC upgraded shares of Gildan Activewear from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada downgraded shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a $31.00 price target on the stock. in a research report on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Gildan Activewear currently has an average rating of “Hold” and an average target price of $35.29.
Gildan Activewear (NYSE GIL) opened at 30.99 on Thursday. The firm has a market capitalization of $6.96 billion, a P/E ratio of 18.76 and a beta of 0.70. Gildan Activewear has a 52-week low of $23.55 and a 52-week high of $31.87. The firm’s 50-day moving average is $30.61 and its 200-day moving average is $28.90.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, August 3rd. The textile maker reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Gildan Activewear had a return on equity of 18.65% and a net margin of 14.16%. The firm had revenue of $715.40 million for the quarter, compared to analysts’ expectations of $753.85 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts expect that Gildan Activewear will post $1.70 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 17th were given a $0.094 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, August 15th. Gildan Activewear’s dividend payout ratio is presently 22.42%.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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